Bailard Inc. Takes Position in GE Vernova Inc. (NYSE:GEV)

Bailard Inc. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,112 shares of the company's stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEV. Navigoe LLC bought a new position in GE Vernova in the 4th quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new stake in shares of GE Vernova in the fourth quarter worth $28,000. Orion Capital Management LLC bought a new position in GE Vernova during the fourth quarter worth $30,000. EQ Wealth Advisors LLC acquired a new position in GE Vernova during the 1st quarter valued at $27,000. Finally, Pinpoint Asset Management Ltd bought a new stake in GE Vernova in the 4th quarter valued at $30,000.

GE Vernova Stock Down 0.8%

GEV stock traded down $5.33 during midday trading on Thursday, reaching $623.70. 3,916,718 shares of the company's stock traded hands, compared to its average volume of 3,119,790. The company has a 50-day simple moving average of $506.49 and a two-hundred day simple moving average of $404.16. GE Vernova Inc. has a 1-year low of $150.01 and a 1-year high of $633.72. The company has a market cap of $170.23 billion, a price-to-earnings ratio of 150.29, a PEG ratio of 4.70 and a beta of 1.86.

GE Vernova (NYSE:GEV - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $4.65 earnings per share. Equities research analysts forecast that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.16%. GE Vernova's dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of GE Vernova from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $427.00 to $517.00 in a report on Thursday, May 29th. TD Cowen lowered their price target on GE Vernova from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on GE Vernova from $620.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday. Guggenheim reissued a "buy" rating and set a $380.00 price objective on shares of GE Vernova in a report on Thursday, April 24th. Finally, Wolfe Research cut GE Vernova from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova has an average rating of "Moderate Buy" and a consensus target price of $528.67.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.